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Ella purchased a house in April, 2021. She was living in a condo apartment previous to that time and decided to rent the condo instead

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Ella purchased a house in April, 2021. She was living in a condo apartment previous to that time and decided to rent the condo instead of selling it. The fair market value of the condo on May 1 was $400,000. The mortgage interest on the condo from May to December was $5,600. To prepare the condo for rental, Ella spent $3,600 to have the condo painted. She received $2,000 per month for rent. Her expenses, monthly, were: Calculate Ella's net rental income (loss) before CCA. Calculate the maximum amount of CCA available. Calculate net rental income, if Ella deducts the maximum allowable CCA

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